Tupperware (TUP) is the name of a home products line that includes preparation, storage, containment, and serving products for the kitchen and home. In 1942, Earl Tupper developed his first bell shaped container; the brand products were introduced to the public in 1948. Tupperware develops, manufactures, and internationally distributes its products as a wholly owned subsidiary of its parent company Tupperware Brands. It is marketed by means of approximately 1.9 million direct salespeople on contract. In 2013, the top marketplace of Tupperware was Indonesia which toppled Germany as the second. Indonesia's last year sales were more than $200 million with 250,000 sales persons.
Reported this morning: Earnings: EPS $0.91 and revenue $525.70M Estimates: EPS $0.86 and revenue $525.39M
Reported before open today (10/19/16) Earnings: EPS $0.87 Revenue $521.8M Estimates: EPS $0.80 Revenue $528.14M Down 4.65% today
Analyst Upgrade/Downgrade Update Brokerage firm: B. Riley & Co. Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Neutral Previous Price Target: $53 Current Price Target: $64
As the markets surge back from panic depths, investors are clamoring to buy. While most stocks are surged 20-30 even 50% off their lows, the hidden gem trade may be Tupperware Brands Corp (TUP). Everyone knows of tuppeware and its uses to store leftovers and other food. Could this be a hidden gem trade with people cooking at home almost exclusively now? This company is trading near all-time lows at $1.35. It has not bounced yet. Tupperware Brands may be a gift based on a possible surge in sales during the ‘stay at home’ orders. People are cooking at home much more than they were, there are leftovers and they need ways to store them. This may in fact be a near-term game changer for Tupperware Brands. With over 20% of the float short and prices near the dead lows, Tupperware Brands is a high risk play but could see a surge to $4.35 as the hidden gem trade. This would be a 220% move. Again, any investor or swing trader looking to take this position should understand the risk. This is a near-term trade only, and high risk. I bought some myself but only a tiny percent of my portfolio is dedicated to it. See the chart here: https://inthemoneystocks.com/obvious-trade-idea-tupperware-brands-corp-tup/ Gareth Soloway InTheMoneyStocks Chief Market Strategist
I got a few myself, just for fun, yesterday at 1.40$. The long term chart is a nightmare ... from 90$ to 1$ in 5 years !!!
I sold Friday @ 150% return. I was planning on holding longer, but the calls seemed to be plateau-ing for a couple days. TBH I -might- consider the stock itself if it shows some more strength esp. in volume.
Wow. How the mighty have fallen... A friend points out with lockdown, more people are cooking and baking so thinks at these prices TUP is a steal. As a baking fiend myself, I see her point.
I grabbed a handful at $3.48 a week or so ago. I set a daily limit buy hoping for a dip below that price.
Same here. But sold all yesterday near 5. Doing +45% in less than week more than good for my usual standard...
Damn, this thing sure ran! I have less that $100/ worth so I will keep this sitting. Edit: based on the chart, I can see a run to 8, maybe even 10.
